you care about agent's butt, sure they will thank you.....i aint one

"Another Sign That The Huge Aussie Housing Bubble Is Popping". This is one of the housing bubbles that didn't pop during GFC in 08/09.

http://www.businessinsider.com/another-sig...-popping-2011-8

This post has been edited by debtismoney: Aug 28 2011, 04:37 PM

you wont thank me for caring about your butt or you are not an agent?

This post has been edited by myone1015: Aug 29 2011, 10:41 AM

both.

c these.....b4 go holiday

http://w3.newsmax.com/a/aftershockb/video....OMO_CODE=CACB-1

BNM likely to pause OPR at 3% at Sept 8 meeting
Written by theedgemalaysia.com
Monday, 29 August 2011 13:17

KUALA LUMPUR: Bank Negara Malaysia is expected to pause the overnight policy rate (OPR) at 3% during its Sept 8 monetary policy committee meeting as growth concerns taking precedence over inflation risk while for the banking sector, there are concerns about rising earnings risks for banks.

CIMB Economics Research said however, BNM was likely to reassess its monetary stance in November, allowing it to gauge the impact of recent financial shocks on domestic economic conditions.

“At this point, we maintain our end-2011 interest rate forecast of between 3.00% and 3.25%,” it said on Monday, Aug 29.

CIMB Research also expected BNM to keep the statutory reserve requirement (SRR) ratio unchanged at 4.0% in September. Foreign reserves data suggested the pace of capital inflows have moderated significantly when compared to the massive inflows in 2Q11.

“The recent foreign selling of domestic equities also likely to result in a small rise or even a drop in foreign reserves going forward. he amount of excess liquidity absorbed by the central bank has eased to RM270.9 billion as at mid-August after hitting the peak of RM289.1 billion in April. A cumulative hike of 300 basis points in SRR ratio has absorbed RM23.3 billion liquidity from the banking system,” it said.

Meanwhile, UOB Kay Hian Research Malaysia said it was “selectively Overweight” with preference for banks with higher earnings visibility and good dividend yield.

“We see rising earnings risk from potential weakness in the domestic economy due to external risk,” it said.

The research house said this could lead to lower loan growth and weaker fee income with capital and debt markets facing risks of softening.

UOB Kay Hian Research said the potential catalyst to the sector was likely to come from Economic Transformation Programme (ETP) initiatives translating into more fund raising through capital markets and potential support to loan growth due to higher business loan demand.

“Amid the uncertainties, we prefer banks with relatively more stable income stream from lending business and stable fee income from transactional banking. An additional sweetener would be reasonable dividend yield,” it said.

The research house’s picks are Maybank (BUY/Target: RM10.30) and Public Bank (BUY/Target: RM16.60). It was reviewing its earnings estimate and target price for CIMB (BUY/Target: RM9.60).

It said CIMB’s share price fell the most in Aug 11 (-16.2% on-month) due to the heavy selling from foreign funds (July 11: 42% foreign shareholdings) after CIMB missed its earnings guidance for 1H11.

“For the two large GLC banks, we prefer Maybank over CIMB given its lower foreign shareholdings,” it said

this is in the same genre as the movie Inside Job which mentioned this book and author. yep, i believe there will be another shock in USA in 2013 due to its massive consumption and no-cure debt. wealth simply cannot be created by quantitative easing, i.e. printing more money or continuous borrowing.

bolehsia same or different? no need to answer as we already know there are two camps.

Seen Inside Job, a great documentary. I sad to say this, every bubble in the west was engineered, the big boys especially the bankers made billions in every financial crisis...

Maybe GOLD/SILVER are the only game in town to protect your wealth. The coming tremendous inflation will hit every country, all commodities are priced in US$, and the worst thing is almost all currencies in the world are backed by US$ as reserve currency.

Those who are on variable rate mortgages, what if rate goes above 10% or higher during high inflation period, especially those who got teaser loan.

Good luck for those who think buying property with a large mortgage is a good way to hedge against inflation...

but gold also got bubble la, read this

http://online.wsj.com/article/SB1000142405...2294678300.html

If you choose to believe the corporations/bankers/government controlled media, then GOLD is a huge bubble waiting to burst.

The ruling elites want us to hold paper money so they can steal our purchasing power by inflation. Warren Buffet is one of them, so he hates GOLD, and he asks us to buy stocks and government bond.

Try to google "who owns the media", you will find some mind boggling answers, I think only 4 or 5 companies own all the media companies in the west. Don't you think they can't manufacture news or sway public opinion?

When they say something over and over and over again on the TV, people will believe they are truth.

As our DPM said no property bubble in bolehsia over and over and over again on the state controlled media, everyone believes it... found it absurd?

GOLD price is US$1798/oz now, see where the price goes next year today. We'll see... goodnight guys.

---

Added on August 29, 2011, 11:04 pmAlso, GOLD and Silver are manipulated by the bankers, they keep driving down the price. You can only play small leverage if you want, but my advice is don't, buy it cash.

Throughout history, the free market will win, they can't manipulate the price forever...

This post has been edited by debtismoney: Aug 29 2011, 11:04 PM

Singaporeans are buying more kl property

^^You make good bedtime stories.

Read Singapore newspaper more

yes, kl properties always advertised in oversea. mainly sg, china , hk, taiwan etc , why mainly chinese area???

The situation will remain as it is. The reason why I feel it's still sustainable is because more and more people are jumping into this. It will sustain the price as long as there is demand.

And the demand comes from young exec from freshie to a few yrs working exp.

Only expect crash if economy is so bad till ppl are out of job. Times are not that bad. Bnm sees no reason to raise opr so things remain at it is.

somehow chinese is crazy about property like how indian like gold

Kl also chinese only buying properties
When que seldom u see bumi or Indians
No discrimination
Just pointer

I can assure you times are really bad. As I said few weeks ago, we are very likely to see another round of global banking crisis by the end of the year. Read the quote below...

This time is not only banks go bankrupt, countries like the US and Eurozone will become insolvent, it is just mathematically impossible for the US and PIIGS to pay off their debt. I can assure you they will come up with more money printing.

The reason to own GOLD is not about investment, it is about wealth protection. In the past 5000 years, no unbacked fiat paper currencies could survive more than a few decades.

China had tried paper currency system 8 times since the first emperor centuries ago, all FAILED in tears! We have a fiat paper currency system worldwide since 1971, do you think we are so different this time around?

If all currencies fail, the only way to restore confidence in paper currency is to go back to a GOLD standard or GOLD backed currency like we used to have prior to 1971. I think we are heading to this path.


You can simply ignore this CRAP posting, and read this as an interesting bedtime story if you like... my advice is you better get prepared now before it is too late, i.e., buy an investment property with a mortgage that is more than 10 times your salary.


"So far, major international banks have announced layoffs of more than 60,000 workers, and more layoff announcements are expected this fall. A recent article in the New York Times detailed some of the carnage....
A new wave of layoffs is emblematic of this shift as nearly every major bank undertakes a cost-cutting initiative, some with names like Project Compass. UBS has announced 3,500 layoffs, 5 percent of its staff, and Citigroup is quietly cutting dozens of traders. Bank of America could cut as many as 10,000 jobs, or 3.5 percent of its work force. ABN Amro, Barclays, Bank of New York Mellon, Credit Suisse, Goldman Sachs, HSBC, Lloyds, State Street and Wells Fargo have in recent months all announced plans to cut jobs — tens of thousands all told."


Interesting articles regarding Belarus devalues their currency a couple of months ago.

http://www.businessweek.com/ap/financialnews/D9NEI5BO1.htm
http://online.wsj.com/article/SB1000142405...0527864174.html
http://photoblog.msnbc.msn.com/_news/2011/...tion-in-belarus

This post has been edited by debtismoney: Sep 1 2011, 08:40 PM

Guy ,thing is getting bad to worse net few month....the fact base is just coming and coming...read this


Recession Looms in Brazil and Canada; Asia Exports Sink; Global Economy Deteriorates Rapidly led by BRICs; Asia Stagflation; PIMCO Admits Mistak

http://globaleconomicanalysis.blogspot.com...?x#echocomments

---Brazil’s central bank unexpectedly cut interest rates as the risk of recession in Europe and the U.S. shifted policy makers’ focus away from the fastest inflation in six years.

---“The policy driven boom of the past couple of years will not be repeated any time soon,” said Stephen King, chief economist at HSBC Holdings Plc in London and author of “Losing Control: The Emerging Threats to Western Prosperity.” It’s “difficult to see how emerging nations can ride to the rescue once more,” he said.

---China Suffers Sharp Drop in Export Orders
The Purchasing Managers Indexes showed manufacturing contracted in South Korea and Taiwan as new export orders fell sharply. China's official PMI increased slightly, the first rise since March, but it also reflected the effects of slowing demand in the United States and Europe.

China's overall PMI rose to 50.9 in August from 50.7 in July, according to government data, a touch weaker than economists polled by Reuters had predicted. The new export orders index dropped to 48.3 from July's 50.4.

Beijing pinned the blame for the sharp fall in export orders at least partly on the debt crises in advanced economies. The National Bureau of Statistics said the export sector was "facing challenges."

---Asia Stagflation
Stagflation is one of those muddled terms that people debate over. The definition I prefer is inflation and recession at the same time. Using that definition, Brazil and parts of Asia are in stagflation now.

---Canadian Economy Contracts
There is no bright side to Canada's performance. The confidence is misplaced. The global economy is in complete shambles. The US, Eurozone, UK, Australia, Brazil, and parts of Asia are in recession.

----Moreover, austerity measures are about to smack Europe, the Australia housing bust is in full swing, and Brazil just joined the recession party. To top it off, China and India are fighting huge inflation problems.


this is a fact.....can any one still try to ingore it and buy buy buy....god bless malaysian...

It mean the property mostly support by chinese, and majority are buy for own stay (based on the report from Gov), seem like population of chinese is getting higher. haha.